KEI · KEI Industries Limited · BSE · Filed 3 Aug · 1 min read

KEI Industries posts higher Q1 profit; auditors flag pending May income-tax search

The cable maker reported year-on-year growth in June-quarter revenue and net profit, while its auditors drew attention to an income-tax search whose financial impact is not yet ascertainable.

What the board approved

KEI Industries' board met on 3 August 2026 and approved the standalone and consolidated un-audited results for the quarter ended 30 June 2026, along with the statutory auditors' limited review report. The auditors issued an unmodified opinion. The board also re-appointed Mr. Akshit Diviaj Gupta as Whole-Time Director for a further five years, from May 2027 to May 2032, subject to shareholder approval, and fixed the Annual General Meeting for 28 September 2026.

The quarter in brief

Revenue from operations and net profit both rose against the same quarter a year earlier, per the filing, with the Cables & Wires segment continuing to account for the bulk of revenue and segment profit. The figures and the year-on-year comparison appear in the key-numbers panel. Against the immediately preceding quarter, ended March 2026, both revenue and profit were lower.

The income-tax search

A note to the accounts, which the auditors specifically drew attention to, discloses that income-tax authorities conducted search activity in May 2026 at some of the company's premises, plants and residences of a few employees. The company said it cooperated fully and, as at the date of the results, had received no written communication on the outcome. Management stated it sees no material adverse impact and that no material adjustments were required for the quarter. Both the standalone and consolidated review conclusions note the impact is 'currently not ascertainable' pending completion of the proceedings, and neither conclusion is modified in respect of this matter.

Revenue from operations (Q1: ₹25,903.16 million → ₹31,853.42 millionQ1 FY26 → Q1 FY27+23%^‡
Net profit for the period (Q1: ₹1,957.47 million → ₹2,741.40 millionQ1 FY26 → Q1 FY27+40%^‡
Profit before tax (Q1: ₹2,632.28 million → ₹3,691.64 millionQ1 FY26 → Q1 FY27+40%^‡
Basic EPS (Q1: ₹20.49 → ₹28.68Q1 FY26 → Q1 FY27+40%^‡
Net margin ‡: 7.6% → 8.6%Q1 FY26 → Q1 FY27+1.0 pp

Cables & Wires segment revenue (Q1 FY2026-27): ₹30,883.94 million

‡ Computed by us from the filing’s own figures — not a company-stated number.

For a holder, the quarter shows year-on-year growth in the core cables business alongside an unresolved income-tax search whose outcome and any financial consequences the company says cannot yet be determined; the auditors flagged this as an emphasis-of-matter without qualifying their conclusion.